ExodusPoint Capital Management, LP

ExodusPoint Capital Management, LP declares $3.3B in 111 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 21.3% of its $15.5B 13F portfolio. Largest positions: Amazon (0.03% of the company) and Apple (0.01% of the company). Over time: $3.3B in 111 of these companies for Q2 2026, against $466.9M in 92 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $1.7B and sold $1.4B of these stocks, at the quarter's prices: a net purchase of $271.5M; 39 new positions and 54 sold out.

Performance of its AI picks

The AI-stock portfolio ExodusPoint Capital Management, LP declared for Q2 2026 (Form 13F), held unchanged, returned -0.3% in Q3 2026 (SMH -7.1%), ranked 1328 of 1,783 active managers. Over the last 12 months, quarter after quarter: +40.6% (SMH +87.2%), ranked 273 of 1,359 active managers. Over three years, quarter after quarter: +239.2% (SMH +325.8%), ranked 54 of 783 active managers. Over five years, quarter after quarter: +291.0% (SMH +389.8%), ranked 27 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Amazon (AMZN) — $654.8M: 2.7M shares, 0.03% of the company, 4.2% of its portfolio (added this quarter); held since Q1 2025
2. Apple (AAPL) — $493.4M: 1.7M shares, 0.01% of the company, 3.2% of its portfolio (added this quarter); held since Q3 2025
3. SpaceX (SPCX) — $331.3M: 1.9M shares, 0.01% of the company, 2.1% of its portfolio
4. NVIDIA (NVDA) — $275.4M: 1.4M shares, 0.01% of the company, 1.8% of its portfolio (trimmed this quarter); held since Q3 2025
5. Microsoft (MSFT) — $86.3M: 231,231 shares, 0.00% of the company, 0.56% of its portfolio (added this quarter); held since Q3 2025
6. Xcel Energy (XEL) — $76.3M: 949,886 shares, 0.15% of the company, 0.49% of its portfolio (trimmed this quarter); held since Q4 2023
7. Intel (INTC) — $68.6M: 491,218 shares, 0.01% of the company, 0.44% of its portfolio (added this quarter); held since Q4 2024
8. Cerebras Systems (CBRS) — $64.6M: 292,273 shares, 0.12% of the company, 0.42% of its portfolio
9. Salesforce (CRM) — $64.2M: 409,597 shares, 0.05% of the company, 0.41% of its portfolio (added this quarter); held since Q1 2026
10. Entergy (ETR) — $57.5M: 500,664 shares, 0.11% of the company, 0.37% of its portfolio (trimmed this quarter); held since Q1 2025
11. American Electric Power (AEP) — $56.1M: 409,847 shares, 0.08% of the company, 0.36% of its portfolio (added this quarter); held since Q4 2025
12. Bloom Energy (BE) — $54.0M: 178,264 shares, 0.06% of the company, 0.35% of its portfolio (added this quarter); held since Q3 2025
13. MongoDB (MDB) — $44.0M: 130,972 shares, 0.16% of the company, 0.28% of its portfolio (added this quarter); held since Q2 2025
14. Credo (CRDO) — $39.8M: 146,428 shares, 0.08% of the company, 0.26% of its portfolio (added this quarter); held since Q3 2025
15. Fermi (FRMI) — $37.3M: 4.1M shares, 0.64% of the company, 0.24% of its portfolio (added this quarter); held since Q1 2026

By sector

• Cloud & AI giants — $1.6B, 48% of its AI holdings, 5 companies
• Chips & compute — $571.5M, 17% of its AI holdings, 21 companies
• Power, electrical & cooling — $379.9M, 12% of its AI holdings, 21 companies
• AI software — $226.3M, 7% of its AI holdings, 14 companies
• Neoclouds & data centers — $155.7M, 5% of its AI holdings, 15 companies
• Equipment & test — $142.3M, 4% of its AI holdings, 15 companies
• Interconnect — $113.7M, 3% of its AI holdings, 7 companies
• Memory & storage — $57.3M, 2% of its AI holdings, 5 companies
• Servers & systems — $54.0M, 2% of its AI holdings, 6 companies
• Optics — $12.9M, 0% of its AI holdings, 2 companies

Biggest changes this quarter

• added to Amazon (AMZN): +$583.4M at the quarter's price
• added to Apple (AAPL): +$447.9M at the quarter's price
• trimmed NVIDIA (NVDA): -$413.2M at the quarter's price
• trimmed Sandisk (SNDK): -$140.1M at the quarter's price
• sold out of Southern Company (SO): -$80.6M at the quarter's price
• sold out of Alphabet (GOOGL): -$62.4M at the quarter's price
• added to Microsoft (MSFT): +$59.0M at the quarter's price
• added to Bloom Energy (BE): +$52.3M at the quarter's price
• added to Salesforce (CRM): +$49.0M at the quarter's price
• trimmed Applied Materials (AMAT): -$41.7M at the quarter's price

Other holders of this size

• Artemis Investment Management LLP — $3.3B in 41 of these companies
• Union Bancaire Privee, UBP SA — $3.3B in 79 of these companies
• MONTRUSCO BOLTON INVESTMENTS INC. — $3.3B in 13 of these companies
• KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC — $3.3B in 110 of these companies
• Saudi Central Bank — $3.3B in 96 of these companies
• Robeco Schweiz AG — $3.3B in 40 of these companies
• SHELTON CAPITAL MANAGEMENT — $3.3B in 126 of these companies
• Newport Trust Company, LLC — $3.3B in 5 of these companies

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